Futures Trading Education
It’s a nod to Bastille Day today and with the US President visiting France, declaring in a tweet his “unbreakable” relationship with the French President. Markets yesterday saw the Australian Dollar at the top of the FX leader board, pushing up through the London and...
Futures Trading Education
The Canadian dollar is the standout winner in FX markets after the Bank of Canada raised rates by 0.25% to 0.75% as widely expected but did not deliver the ‘dovish hike’ some were expecting. US Bond yields and the US dollar are generally lower (EUR/USD The exception)...
Futures Trading Education
Donald Trump Junior’s Russian email saga provided a bit of volatility to the yesterday’s afternoon trading session. Trump’s eldest son released an email chain in which he said he would welcome the possibility of Russia helping his father’s campaign via compromising...
Futures Trading Education
Technology shares dove gains in US Equities yesterday, while Natural Gas and Crude lifted commodities. The US dollar strengthened with Treasuries as investors prepare to analyse second Quarter earnings for more evidence that global economic activity is back on track....
Futures Trading Education
In German chancellor Angela Merkel’s words, the G20 accord issued on Saturday did not even attempt to paper over the differences between the United States and the other 19 G20 members. It explicitly notes the decision of The United States to withdraw from the Paris...
Futures Trading Education
The bond sell-off continued with a vengeance yesterday, underpinned by a weak French 30-year bond auction, comments by the Banque de France’s Villeroy and ECB Minutes which indicated the Bank was closer to removing its easing bias on its Asset Purchase Program (APP)...
Futures Trading Education
With the US market closed for the Independence Day holiday, the focus has been elsewhere and for the markets in both Asia and Europe. It has not been a big 24 hours as far as price action was concerned, the Eurostoxx 600 index off 0.29%, European bond markets with a...
Futures Trading Education
Seven of my nine market calls got hit yesterday in what turned out to be a volatile trading session as markets started Q3 in a risk positive tone supported by mostly positive data releases. Equities had a good day in Europe and a solid one in the US, although...
Futures Trading Education
A dramatic week ended without too much additional fanfare on Friday. The global yield back up extended but only slightly, the dollar finished fairly flat overall and stocks mixed (US mostly higher, Europe weaker). Neither the US core PCE deflator (1.4% from 1.5%) nor...
Futures Trading Education
The shift in tone from Central Banks in Europe and the US continued to drive financial markets, with stocks and bonds again selling off in what is turning out to be the most volatile trading week so far this year. The US Technology sector’s woes deepened as renewed...
Futures Trading Education
Central Banks set the tone on global financial markets yesterday, with the latest comments from policy officials sparking a risk-on-mood that sent US stocks to their biggest gain in two months and roiled currencies from Sterling to the Canadian Dollar. ‘’it’s time to...
Futures Trading Education
As summer times kicks into full mode in Europe, ECB President Draghi play list is slowly but surely moving away from QE as he sounded more upbeat in a long time. On paper, not a lot was expected from yesterday’s trading session, but in the end we had pretty decent...
Futures Trading Education
In an otherwise relatively quiet trading session with only the mildest of risk-on tones, gold was something of a standout. The price action came at 9am London time ( just after I posted yesterday’s commentary ) when gold immediately plunged by $20/oz after a huge...
Futures Trading Education
Canada was to blame for what little price action there was on Friday, in FX at least, in which the Canadian dollar was the only currency to end the day down against a generally falling US dollar, following much weaker than expected Canadian CPI. Headline inflation...
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